Top Day Trading Recommendations – 12/08/09
Tuesday, December 8th, 2009Tuesday, December 8, 2009
German industrial production drops unexpectedly and rating agencies are emphasizing deficits as debt service becomes more difficult with deteriorating public finances, this according to Moody’s.
Wholesale inventories at 10.
New email application so sorry for the delay.
Current views, speculations and suggestions
(good till close of business today). These are technical in nature only, not fundamental.
Dec ES: pos with support at 1092
Dec NQ: pos with support at 1767
Dec Mini Dow: pos with support at 10273
Feb Gold: pos with support at 1144 and 1126
Mar Silver: neg with res at 18.66
Mar Copper: pos with support at 313.00
Dec Yen: neg with res at 113.25
Dec Swiss: potential reversal day
Dec EC: potential reversal day
Dec Canadian: neg with res at 95.60
Dec BP: neg with res at 165.30
Dec Aussie: potential reversal day
Jan Crude: neg with res at 75.45
Jan Soybeans: pos with support at 10.41
Mar Wheat: neg with res at 5.57
Mar Ten Year: neg with res at 118.25
Mar 30 Year : neg with res at 120.04
Mar Eurodollar: neg with res at 99.64
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International Markets
Mar Bund: pos with support at 122.69
Dec Dax: neg with res at 5780
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N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%. Repeat: use Stops. Don’t think about using Stops. Use Stops. Some find it appropriate to look at the margin requirement and use that as a stop or if it’s a steep initial requirement, use half.
Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment. Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.
